# RYDE, Inc,

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ryde-inc

- Industry: Travel & Leisure
- Headquarters: Tokyo, Japan
- Website: https://ryde-inc.jp
- Total disclosed funding: $0.4M
- Latest round: Series B (May 21, 2021)
- Investors on record: 3

## About

Ryde, Inc. is a Japan-based company that offers innovative mobility solutions, including a ridesharing platform and electric bicycle rentals aimed at enhancing urban commuting experiences and promoting sustainable transportation alternatives.Founded in 2019 and headquartered in Tokyo, Japan, Ryde, Inc. focuses on providing technology-driven mobility services. The company successfully raised JPY 45 million in Series B funding on May 21, 2021, with Brew Inc. leading the investment round alongside SV-Fintech Fund and The Seed Capital. The firm has executed one deal to date, achieving a current company valuation of JPY 531.106 million.Ryde, Inc. specializes in innovative solutions that cater to the needs of urban commuters through a suite of technology-driven mobility services. Their core product offerings include a ridesharing platform that connects drivers and passengers efficiently, as well as electric bicycle rentals aimed at reducing urban congestion and promoting sustainable transportation. These services are designed to enhance the commuting experience by providing accessible, eco-friendly alternatives to traditional transportation methods. Ryde's solutions target a diverse client base, including city dwellers, tourists, and businesses seeking reliable transportation options for employees. The company operates its services primarily in major metropolitan areas across Japan, such as Tokyo and Osaka, addressing the unique mobility challenges faced in densely populated environments.Ryde, Inc. generates revenue through a combination of transaction-based fees and subscription models. Customers utilize the ridesharing platform by paying per ride, while frequent users can opt for a subscription service that offers discounted rates and priority access to vehicles. The electric bicycle rental service operates on a pay-per-use model, where users are charged based on the duration of their rental. This multi-faceted transactional structure allows Ryde to cater to both individual consumers and businesses looking to integrate mobility solutions into their operations. The company's flagship offerings are positioned to capture a significant share of the growing urban mobility market, leveraging technology to streamline user experiences and promote sustainable travel solutions.In May 2021, Ryde, Inc. raised JPY 45 million in Series B funding, which will be directed toward developing new products and expanding its market presence. The company plans to enhance its ridesharing platform and introduce new features tailored to customer needs. Expansion into new markets is also on the agenda, with Ryde targeting additional metropolitan areas within Japan and considering regional opportunities in Southeast Asia by late 2023.

## Funding rounds

- Series B, May 21, 2021, $0.4M — SV-Fintech Fund, The Seed Capital, Brew Inc.

## Investors

- SV-Fintech Fund (https://capitalatlas.ai/funds/sv-fintech-fund) — Series B
- The Seed Capital (https://capitalatlas.ai/funds/the-seed-capital) — Series B
- Brew Inc. — Series B